Lenovo Group Limited (OTCMKTS:LNVGF) Sees Large Drop in Short Interest

Lenovo Group Limited (OTCMKTS:LNVGF) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 8,982,200 shares, a decrease of 21.1% from the December 31st total of 11,384,900 shares. Based on an average daily trading volume, of 339,400 shares, the days-to-cover ratio is currently 26.5 days.

Lenovo Group Price Performance

Shares of Lenovo Group stock remained flat at $1.23 during trading on Monday. The stock had a trading volume of 48 shares, compared to its average volume of 151,000. The firm’s fifty day simple moving average is $1.22 and its two-hundred day simple moving average is $1.25. Lenovo Group has a twelve month low of $0.83 and a twelve month high of $1.58.

Lenovo Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were issued a $0.085 dividend. The ex-dividend date was Wednesday, November 27th. This represents a dividend yield of 4.07%. Lenovo Group’s dividend payout ratio (DPR) is 36.14%.

About Lenovo Group

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.